THG PLC: Reversal and Bullish Island Pattern

30 сент. 2022 г.

1) I believe that the bullish wedge pattern (June-August) is still valid with the price target of 88.
2) Island Pattern, which is reversal and bullish.
3) Price to book ratio: 0.32
4) Insiders are buying the stock at these levels.

1st target: 88
2nd target: 104.85 (gap)

30 сент. 2022 г.

Сделка активна

These two will boost the price:
1) Decrease in whey (raw material) prices. It already decreased from this year's top of 80 to current 49 level.
2) Increase of GBPUSD from historical bottom levels.